Alcohol manufacturer and distributor Amber Beverage Group (ABG) has secured a loan facility from Swiss banking group Credit Suisse.

A loan facility of €27m will be used by the beverage company to improve its operations and also for its expansion.

Amber Beverage Group CFO Jekaterina Stuge said: “Having sufficient capital to run your global business is crucial to ensure operations run smoothly. The boost from Credit Suisse will help us to consolidate our cash flow from Australia, the UK, Austria within one cash pool.

“From an international perspective, it will allow us to benefit from more flexible cash flow management options, as all of our companies have a different working capital cycle.

“This deal is only the first step and we look forward to future business with Credit Suisse AG to develop Amber Beverage Group further.”

The company has transformed into a global organisation from a Baltic enterprise through its key customers.

Recently, ABG expanded the company portfolio by acquiring three companies, including UK distributor Cellar Trends and Australian distributor Think Spirits.

Last December, ABG acquired a controlling stake in Austrian distributor and wholesaler Mountain Spirits for an undisclosed sum.

Established in 2004, Mountain Spirits portfolio has a range of international brands and premium beverages across the world. The series is expected to include ABG’s Riga Black Balsam, Tambovskaya Vodka, Rooster Rojo Tequila, Cosmopolitan Diva and Cross Keys Gin labels.

Headquartered in Luxembourg, ABG is engaged in production and distribution of beverages in Australia, the Baltics, Russia, Mexico and the UK. The company exports and retails a comprehensive range of refreshments, representing more than 600 own and third-party brands.

ABG also has a product portfolio of more than 130 brands, including Riga Black Balsam, Moskovskaya Vodka, Rooster Rojo Tequila and Cosmopolitan Diva.